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For the case shown in the following table, calculate the future value of the single cash flow deposited today at the end of the deposit
For the case shown in the following table, calculate the future value of the single cash flow deposited today at the end of the deposit period if the interest is compounded annually at the rate specified.
Single cash flow $ 5,500 Interest Rate 15% Deposit Periods years 5
What is the future value ? ROUND TO THE NEAREST CENT
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